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General:
Before purchasing property in Belize, Buyers are advised to conduct a land title investigation to ensure that the property:
- is indeed in the name of the person selling
- is free from liens, mortgages and encumbrances
- that the property tax has been fully paid up to date
- that the property is not engaged in any legal conflicts
- Includes a judgment search to ensure that no court order is registered against the land
- Includes company search (if applicable) to verify the director/secretary of the company
Requirements:
- Full name and address of the Seller
- Lawful Description of Property
- Copy of Title (Conveyance, Land Certificate, Certificate of title, etc.)
- Copy of Offer to Purchase or any other agreements
- Copy of Survey (if available)
- Copy of property tax stamen/receipt, if available
- Copy of picture ID with Seller's signature
Documents to be received by client:
- Written report of investigation
- Copy of updated property tax statement
- Copy of plan of survey
FEES:
For Declared Land (Per Parcel)
| Land Title Search |
US $500.00 |
| General Sales Tax (12.5%) |
US $ 62.50 |
Total |
US $562.50 |
For Undeclared Land (Per Parcel)
| Land Title Search |
US $700.00 |
| General Sales Tax (12.5%) |
US $ 87.50 |
Total |
US $787.50 |
Any additional time other than incidentals above will be charged at US $75.00 per hour plus administrative fee and general sales tax of 12.5%.
Optional Services and Fees:
| Purchase Agreement |
US |
$ 500.00 |
Purchase Agreement with
Owner's Financing |
US |
$ 1,000.00 |
| Escrow Agreement |
US |
$250.00 |
Escrow Services
|
US |
$500.00 (For properties that cost US $100,000. or less) |
Escrow Services
|
US |
$1,000.00 (For properties that cost between US $100,001. and
US $200,000) |
| Escrow Services |
US |
$2,000.00 (For properties that cost between US $200,001. and
US $500,000) |
| Escrow Services ) |
½ % of the value (For properties that cost more than US $500,001. |
| Charge on property |
US |
$ 250.00 |
| Discharge of Charge |
US |
$ 250.00 |
| Mortgage |
US |
$ 1,000.00 |
| Cancellation of Mortgage |
US |
$ 500.00 |
| Transfer of Title for Declared Land |
US |
$ 550.00 |
| Transfer of Title for Undeclared Land |
US |
$ 750.00 |
Transfer of Title with Covenants |
US |
$1,050.00 |
| Strata Title for Condominiums |
US |
$ 1,000.00 per unit |
First Registration for declared land
|
US |
$350.00 (does not include title search and survey fee) |
| Payment of property taxes |
US |
$100.00 per lot per year |
| Review of contract for recommendations |
US |
$ 500.00 minimum or ½% (whichever is greater) |
Plus General Sales Tax of 12.5%, administrative fees and filing fees.
07/11
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